ImpulseVen provides a versatile Yield Farming platform that pays out competitive annual percentage yields in VEN tokens.The DeFi industry has a total value of about US$140 billion locked up. DeFi provides a framework for protocol creation and financial accounting through smart contracts, which now rule several big DeFi applications, including Uniswap, Aave, Sushiswap, Dodo and MakerDAO. DAOs are becoming a common way to handle tokenized assets and promote open governance within decentralized...
Read More »5 Unique and Innovative DeFi Projects to Watch During Dip
DeFi continues to gain momentum as more in and outside the crypto world understand its immense potential. Take a look at some of the most promising DeFi projects.While Elon Musk and Dogecoin have seemed to dominate crypto headlines lately, for some, decentralized finance continues to prove popular and becomes an even more attractive opportunity to invest as the market is bleeding.DApp Radar revealed in mid-May how Polygon, a top platform for scaling and development on Ethereum, grew by 75,000...
Read More »Bitcoin Price Dips to Around $36K, Market Sees $3.8B in Liquidation as Downward Spiral Continues
Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.Bitcoin (BTC) price fell below $40,000 for the first time in over three months, hitting an intraday low of around $36,000 at 7:30 am ET. The coin has dipped for the fifth day in a row, down 21.9% within the last 24 hours bringing its losses this month to over 35%, the most for a single month since November 2018....
Read More »Chia Coin Price Down Nearly 30%, Huge Demand for Computer Storage Used by Chia Network Users Triggers Spike in HDD Prices
Chia coin market price has jumped by approximately 30% in the past two weeks but now it is down nearly 30% in the last 24 hours.A huge demand for high-capacity Hard Disk Drives (HDD) that are typically used by Chia network users in the Proof-of-Space and time concept, has triggered a notable shortage in the HDD supply market, according to research conducted by Tomshardware.Reportedly, HDD market prices spiked in the United States as Chia users went in for more hardware storage to get frequent...
Read More »Ethereum Price Analysis: ETH Dives Further, $3K Holds The Key
Ethereum price started a fresh decline from well above $3,500 against the US Dollar. ETH price is currently trading well below $3,500 and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $3,600 on the 4-hours chart (data feed from Coinbase). The pair must stay above $3,000 to start a fresh increase in the coming sessions. Ethereum price extended its decline below $3,500 against the US Dollar. ETH/USD is approaching...
Read More »Aziz McMahon Exits Goldman Sachs Role Following Huge Crypto Profits
Goldman Sachs executive Aziz McMahon has resigned from his position with the financial giant after garnering a massive cryptocurrency fortune. Aziz McMahon Is Out at Goldman Sachs This news is coming at a time when most cryptocurrencies are in the doldrums. Bitcoin, for example, has fallen from its recent all-time high of $64,000 per unit – initially achieved in April of this year – to about $48,000 at press time. This is a $16,000 drop, and many other leading altcoins...
Read More »Why Polygon (MATIC) Is Thriving in Hostile Bearish Market Environment
Even with the current bearish trends being experienced in the market, Polygon (MATIC) is poised for greater heights.In the past seven days, Polygon (previously known as MATIC), a multichain scalable Ethereum-based platform has seen a growth rate of over 140%, despite the dwindling fortunes of the other cryptocurrencies, including the ones that have been in the game for a long time.Current Status of Polygon (MATIC)Polygon’s growth is perfectly timed when there’s a surge in Decentralized...
Read More »Ethereum Whales Refuse to Sell Despite ETH’s Plunge to $3,100
The largest Ethereum wallets have refused to dispose of substantial quantities of their holdings despite the massive turbulence that the asset experienced in the past week. At the same time, a study compiled by a researcher from the Ethereum Foundation estimated that once the network transitions from PoW to PoS, it will reduce the energy consumption by 99.95%. Ethereum’s Whales Have Not Sold The second-largest cryptocurrency has been among the best performers since the start...
Read More »Relite Completes IDO on Ignition & Proceeds with Listing on Uniswap
[PRESS RELEASE – 18 May 2021, Tallinn, Estonia] Relite Finance, a cross-chain DeFi lending protocol, has announced $RELI trading opening on Uniswap after the successful completion of an IDO on PAID’s Ignition Launchpad. Both available RELI (Relite’s native token) pools were filled within the first several minutes, following the high level of community interest shown during the whitelist subscription period. As was the case with the preceding private sale, the Relite Team has...
Read More »Revuto Raises $1.7M in Private Round as Cardano’s First dApp
Revuto seeks to provide necessary tools that will support cryptocurrency as the future of money.A private sale by subscription payment startup Revuto, led by notable investors such as BlackDragon VC, has raised $1.7M in a week.As stated by BlackDragon, “Revuto has shown unparalleled growth in a very short space of time and we’re excited to join its team in this journey and support Revuto and its native REVU token.” Fixing Up the Subscription EconomyRevuto is Cardano’s first dApp and seeks to...
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